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Bearish Moving Average Cross by Brookdale Senior Living (BKD)

By James Quinn

Brookdale Senior Living (NYSE:BKD) crossed under its 10-day moving average of $15.86 on a volume of 4.0 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Brookdale Senior Living have traded between a low of $13.95 and a high of $39.89 and are now at $15.22, which is 9% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 3.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Brookdale Senior Living on December 4th, 2015 by issuing a Downtrend alert when the shares were trading at $21.21. Since that call, shares of Brookdale Senior Living have fallen 24.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses brookdale senior living

Ticker(s): BKD